2024.9.3 9:03 AM BTC Position Analysis
BTC is currently consolidating in the 59000-59500 range. It has rebounded by more than $1,300 from yesterday's low. The space is not large, but it is stable. Other types of copycats are also competing to rebound. Before the release of the non-agricultural data, the market started this wave of short squeeze. It has now reached the 59000-59500 range. Can it continue to squeeze out today?
BTC Focus
Support 57500, 57000
Pressure 60300-60500
The key point at the moment is below the 58500 line. Whether it can touch 60000 depends on whether 59500 can break through and accelerate to the top. The North American market did not open last night, and BTC was a little bolder. There was no fluctuation, just climbing and catching up all the way, but it must be determined not to chase the rise. The non-agricultural expectations are there!
Operationally: Pay attention to whether the ultra-short-term 58800-58950 range has support strength. This high volatility market is very suitable for opening a grid. You can consider taking a spot grid for more than 3 months, so that you can perfectly cross the risk of being thrown off the car within three months! Wait and see for intraday short-term trading, don't rush to sell!
